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cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the gap wher
cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m....
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we want to go back to your calls, i hear your voice is on what is going on with the fiscal cliff. our next call is from esther in harrison, arkansas. democrat. caller: i do not know about this worry and concern. it seems like the congressmen and senators, they just want their way and yet the republicans do not seem to have learned the country spoke when they reelected obama. they are still trying to fight for what they want themselves. i wonder what this country's going to come to in the next election. i am worried about the democrat and republican party. we do not know what the changes would be. another thing is the billions of dollars they are spending overseas trying to fight the war over there. they are financing billions, i believe to understood, it is that expensive. lives are being lost. i know it sounds reasonable to some people. you take people that do not care to die, like a lot of those suicide bombers, you cannot get rid of all of the terrorists. they are a country that is mixed up. i am concerned for the world. poor people do not seem to get a chance. the wealthy need
we want to go back to your calls, i hear your voice is on what is going on with the fiscal cliff. our next call is from esther in harrison, arkansas. democrat. caller: i do not know about this worry and concern. it seems like the congressmen and senators, they just want their way and yet the republicans do not seem to have learned the country spoke when they reelected obama. they are still trying to fight for what they want themselves. i wonder what this country's going to come to in the next...
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will raise with us congress. even though obama managed to get reelected very quickly right now in any way with the poor with the rapidly declining even his own little bank right now it creates right in here. so we have really no flowery in the country we are working with here i'm with you but wouldn't a democrat stand out going against the against the grain but you know the leadership is not there briefly a ten seconds lawrence if you can is america likely to head into another recession now absolutely we haven't gotten out of this we've got him in the right way him. or not he supported by both democrats will be growing the u.s. economy everything you're doing there we're in we're in for a rough year mark you'll be back to talk to us about it no doubt lawrence freeman thank you editor at the executive intelligence review magazine much appreciated good night ok now let's take a look at our twenty twelve all unfolded for america last year it was a success for barack obama some would say who secured his second u.s. p
will raise with us congress. even though obama managed to get reelected very quickly right now in any way with the poor with the rapidly declining even his own little bank right now it creates right in here. so we have really no flowery in the country we are working with here i'm with you but wouldn't a democrat stand out going against the against the grain but you know the leadership is not there briefly a ten seconds lawrence if you can is america likely to head into another recession now...
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if it passes, it goes to the president for his signature, the fiscal cliff being averted. on the other hand, will they go ahead and try to pass some spending cut amendments, which would disrupt this entire process and maybe kill it in this current congress. tax increases would go forward for millions and millions of americans. we're watching what's happening in the congress right now. world financial markets are watching very closely as well. they'll soon start reopening after the new year holiday, beginning shortly in asia, later overnight in europe, followed by wall street in the mourning. let's go to our chief business correspondent, ali velshi in new york. ali, what will make investors take a look at this fiscal cliff uncertainty and decide to buy or sell? what's going to happen? >> well, they're really going to wait for the same thing we're waiting for. and that is some srcertainty. so at this point, as you've been reporting so well for a few hours, we don't know whether the house is going to vote or whether america is really going over the fiscal cliff for a few days
if it passes, it goes to the president for his signature, the fiscal cliff being averted. on the other hand, will they go ahead and try to pass some spending cut amendments, which would disrupt this entire process and maybe kill it in this current congress. tax increases would go forward for millions and millions of americans. we're watching what's happening in the congress right now. world financial markets are watching very closely as well. they'll soon start reopening after the new year...
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it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today,
it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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we're talking about congress and the fiscal cliff negotiations. caller: i am a retired police officer. i'm disabled. i cannot work. i have had my pension frozen since -- my cola frozen. i'm just asking my fellow citizens to step up and share the wealth with me. that's all. host: how would you like to see that happen? caller: there is going back to be some taxes on the people who have more money. the cola that is frozen for me every year is costing me money. it's not a tax, but i am saving taxpayer's mind that way. my health insurance goes up and every year i get less and less money. host: at noon when the house came into session, a lot of the members of congress made what they call 1-minute speeches were you can talk for whatever topic you want for up to 60 seconds and obviously the fiscal cliff with the main topic of the one- minute speeches today. retiring members dennis kucinich and rep ted poe from texas. [video clip] this confines us to a maximum unemployment, threats to the social safety net, a deteriorated structure, a psychology of poverty
we're talking about congress and the fiscal cliff negotiations. caller: i am a retired police officer. i'm disabled. i cannot work. i have had my pension frozen since -- my cola frozen. i'm just asking my fellow citizens to step up and share the wealth with me. that's all. host: how would you like to see that happen? caller: there is going back to be some taxes on the people who have more money. the cola that is frozen for me every year is costing me money. it's not a tax, but i am saving...
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. >>> if the house manages to pass the senate bill on avoiding the fiscal cliff and that remains a big if it will represent just the tip of the iceberg when it comes to the economic challenges facing the president and congress over the next several years. rick newman is chief business correspondent for u.s. news and world report and the author of "rebounders." how winners pivot back to success. welcome. thank you for joining me. >> hi, mara. >> before we get to the battles ahead who is the rebounder in the senate deal? >> well, mitch mcconnell looks pretty good. this is the guy who said his main objective prior to 2012 was getting president obama unelected. that didn't happen obviously. he just looked like an obstructionist. now he is playing a productive role getting some things done for the nation. >> now, it looks like in this deal the senate bill punts a lot of things down the road and we could see a debt ceiling debate in the near future. >> yes. >> how can we avoid the kind of brinksmanship we've just seen in the issues we've got moving forward? >> i'm not sure we can avoid it. t
. >>> if the house manages to pass the senate bill on avoiding the fiscal cliff and that remains a big if it will represent just the tip of the iceberg when it comes to the economic challenges facing the president and congress over the next several years. rick newman is chief business correspondent for u.s. news and world report and the author of "rebounders." how winners pivot back to success. welcome. thank you for joining me. >> hi, mara. >> before we get to...
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rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's chief justice weighing in on the country's physical problems. saying the judicial branch gets a minuscule fraction of the nation's trillion dollar budget. it has already done its part when it comes to cost cutting. he is calling on the white house and congress to give enough funding to insure the federal judiciary can do its job. saying this. a significant and prolonged short fall in judicial funding would inevitably result in the delay or denial of justice for the people the courts serve. i therefore encourage the president and congress to be especially attentive to the needs of the judicial
rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's...
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and decide unilaterally at the height of the fiscal cliff debate that he would throw a new wrench into that argument and it would be this. when there is massive uncertainty, unfinished business, he would decide that he would unilaterally give a pay increase to the united states congress exactly when the public is uncertain and doesn't know what's going to happen. will their taxes go up? will they no longer be a recipient of a spending program? and now congress is going to get a spending increase? this was a cynical planned move, mr. speaker, on the part of our president. he brought great drama to this effort, unnecessary drama, because you see, this house of representatives already did the job to avert the fiscal cliff. we did this work. it was completed last august. . we were able to offset any spending cuts. the work was done. the problem is the senate never took up the completed work of the house. and the president of the united states spent the last half of this year continually castigating the house of representatives for not having its work done. when we did our work. so out of n
and decide unilaterally at the height of the fiscal cliff debate that he would throw a new wrench into that argument and it would be this. when there is massive uncertainty, unfinished business, he would decide that he would unilaterally give a pay increase to the united states congress exactly when the public is uncertain and doesn't know what's going to happen. will their taxes go up? will they no longer be a recipient of a spending program? and now congress is going to get a spending...
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. >> lots to talk about, but first, your take on the fiscal cliff. >> isn't congress great? yesterday nbc had a poll, they had a 11% approval rating. the more shocking part is who are the 11% who think they're doing a good job? how low are their standards to think that congress -- this is the most dysfunctional group of people. we have to put them in couples therapy with dr. phil, dr. doolittle. i'm not sure who can help them. >> i'm not sure. >> we suffer as a result of their bipartisanship. >> we talked about the binders full of women, clint eastwood with the chair. general david petraeus. >> that was a big one, although in clint eastwood's defense, he made it okay to talk to your chair on national television. i've had conversations with my couch now as a result. >> you have? what do you say to your couch? >> we're close. i need more friends, apparently. i have to get on facebook and talk to more people. but it became james bond meets "the real housewives." you had the cia director, the top spy, his affair was uncovered. affairs are wrong, but if you're the top spy, keep t
. >> lots to talk about, but first, your take on the fiscal cliff. >> isn't congress great? yesterday nbc had a poll, they had a 11% approval rating. the more shocking part is who are the 11% who think they're doing a good job? how low are their standards to think that congress -- this is the most dysfunctional group of people. we have to put them in couples therapy with dr. phil, dr. doolittle. i'm not sure who can help them. >> i'm not sure. >> we suffer as a result of...
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even though the country fell off the bat -- the fiscal cliff, all reports are that congress can retroactively prevent the tax hikes set to begin today. it has one more day to prevent automatic spending cuts that take in on wednesday. our coverage of this class continues this morning on "washington journal." if you want all along, go to c- span.org/fiscalcliff. we will begin with your take on this emerging deal. democrats -- republican -- independents -- remember to send us a twit -- a tweet at twitter.com. facebook.com/c-span. or at c-span.org. the senate voted around 2:00 a.m. eastern time. here are the senators that voted no. michael bennet, democrat of colorado, along with senator tom carper, democrat of delaware, senators grassley, harkin, as well as these four republicans, senators lee, paul, rubio, and shelby. not a boating were senators jim demint, the republican of south carolina. he is retiring. senators kirk and lautenberg as well. here was the reaction from all four house republican leaders. it put this out in a joint statement. here is what they had to say -- the house will honor
even though the country fell off the bat -- the fiscal cliff, all reports are that congress can retroactively prevent the tax hikes set to begin today. it has one more day to prevent automatic spending cuts that take in on wednesday. our coverage of this class continues this morning on "washington journal." if you want all along, go to c- span.org/fiscalcliff. we will begin with your take on this emerging deal. democrats -- republican -- independents -- remember to send us a twit -- a...
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despite europe and despite the fiscal cliff, markets did okay. markets around the world are closed for new year's day which is why congress has itself today to get this done, otherwise you'd see some reaction. >> you can only be over the cliff when the markets are closed and have a little bit of breathing space. >> markets open about 12 hours from now. cnn's richard quest joins from us london. poor richard, you've had to deal with all of the stuff in europe for the last two years and then this. you have remarkable world experience as how the worlds investors who tend to be enforcers of politics sometimes will respond to this deal and i know you've been studying the deal all morning. >> i have, well as much as anybody can on the first day of a new year. if you look at what europe has been through in 2012, the european stability mechanism, the banking union debacle, the third bailout for greece, constantly with the fiscal comeback, you see similarities between what happened in europe and what now the united states has just been through and is going
despite europe and despite the fiscal cliff, markets did okay. markets around the world are closed for new year's day which is why congress has itself today to get this done, otherwise you'd see some reaction. >> you can only be over the cliff when the markets are closed and have a little bit of breathing space. >> markets open about 12 hours from now. cnn's richard quest joins from us london. poor richard, you've had to deal with all of the stuff in europe for the last two years...
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an early morning deal reached on the fiscal cliff. the u.s. still poised to go over that cliff. >> and as it is sun rises on 2013, we are still waiting for the house to act. that, by the way is not congress. we'll walk you through the bill's details and tell you the impact it will have on you. >>> all right. members of congress never that pretty. >>> secretary of state clinton waking up in a new york city hospital. making excellent progress. we'll have the latest on her condition. >> welcome to "early start." i am ali velshi. >> i am christine romans. >> and quite a lot to talk about. through this morning, the senate passed a plan to fend off the fiscal cliff. but now it's up to the house of representatives to follow suit. just after 2:00 eastern time this morning, the senate overwhelmingly passed a plan that was crafted by the vice president and the senate minority leader, mitch mcconnell. vote? 89-8. the republican controlled house left well before midnight last night, so they will are to take up the measure today. >> i said all along, the m
an early morning deal reached on the fiscal cliff. the u.s. still poised to go over that cliff. >> and as it is sun rises on 2013, we are still waiting for the house to act. that, by the way is not congress. we'll walk you through the bill's details and tell you the impact it will have on you. >>> all right. members of congress never that pretty. >>> secretary of state clinton waking up in a new york city hospital. making excellent progress. we'll have the latest on her...
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the real fiscal cliff beneath our feet is the $16 trillion in debt that's going to continue to go higher and higher and the lost opportunities. this country is nowhere near living up to its greatness that we possess. nowhere near it. >> steve: let's see. we're just starting a new year. we can be optimistic burks -- but relickicly? >> it could have been worse. >> juliet: thank you, charles. happy new year. >> brian: that could be the cover of anthony robins you -- new book. >> juliet: still ahead, have you made a new year's resolution, chances are you did. father john shows us how faith can help you keep it. >> steve: how about dinner and drinks wednesday night with the girls? forget it. we'll tell you who is pulling the plug on ladies night. oh, oh ♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly wolly doodle all the day ♪ ♪ hah >> steve: we got quick headlines for you on this new year morning. sea sick, over 200 people have gotten sick on this cruise ship in the caribbean. federal h
the real fiscal cliff beneath our feet is the $16 trillion in debt that's going to continue to go higher and higher and the lost opportunities. this country is nowhere near living up to its greatness that we possess. nowhere near it. >> steve: let's see. we're just starting a new year. we can be optimistic burks -- but relickicly? >> it could have been worse. >> juliet: thank you, charles. happy new year. >> brian: that could be the cover of anthony robins you -- new...
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abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can officially happen in the state. sherrie johnson is live downtown where couples were lined up to say their i dos it was a big morning for many. >> reporter: that's right. a little after midnight 7 same sex couples gathered right here in downtown baltimore at city hall to say their eye dos. this is definitely a historic day for maryland. the couples waited patiently at city hall to say their vows. baltimore mayor stephanie rawlings-blake hosted some of the marriages for same sex couples and perform the first ceremony. couples brought friends and family to take part in the historic ceremony. new year's
abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex...
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it sets up another fiscal cliff. >> explain to our international viewers who are not familiar with how this process works, why is it that the u.s. congress and the white house and the entire process year continues to be set up for these confrontations. we have had a government shut down. we have had the debt ceiling debate. with the u.s. lost its aaa credit rating because of what happened with the republicans refusing to improve on any debt ceiling. it seems like every couple of months there is some manufactured crisis which does a lot of harm to u.s. credibility around the world. >> i know. is something that i think it makes many of us who cover congress want to show colder air at times and some of the lawmakers as well. there are a lot of factors among them are the increasing amount of money in american politics that i think has changed the nature of campaigns and also changed the nature of lawmaking. when lawmakers got to the capital, these to be a culture here where they would sit down across the aisle once their work was done at the end of the day and spent time socially with each
it sets up another fiscal cliff. >> explain to our international viewers who are not familiar with how this process works, why is it that the u.s. congress and the white house and the entire process year continues to be set up for these confrontations. we have had a government shut down. we have had the debt ceiling debate. with the u.s. lost its aaa credit rating because of what happened with the republicans refusing to improve on any debt ceiling. it seems like every couple of months...
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cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be tacked at 39 pittsburgh.6%. the deal is said to include a permanent fix for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we
cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and he's the guy next to kind reporting right while i while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through and china mcgrath from a wide awake news explains. look at the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is you keep this massive government rolling and you can make social interest influence a washington d.c. whore that when the cameras are on you know they're on the red team they're going out there saying it's the welfare folks as well that's the people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about their corporate interests and that this is
cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and he's the guy next to kind reporting right while i while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through and china mcgrath from a wide awake news explains. look at the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political...
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the fiscal cliff was put in place by members of congress through the super committee and there were not able to come up with a big budget deal to fix the problems, they said if we cannot come up with a deal, if we will have these automatic cuts police. they knew the tax cuts were expiring. there are no surprises here is there's only an inability of people to work together and make hard choices that must be made. host: as the story unfolded over the past 24 hours, the president weighing in on all this and the blame game back and forth between democrats and republicans. years when he said on nbc. [video clip] >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership. i suggested to them if they cannot do a comprehensive package of smart deficit reductions, let's at minimum make sure that people's taxes don't go up and that 2 million people lose their unemployment insurance. i was modestly optimistic yesterday, but we don't yet see an agreement. now the pr
the fiscal cliff was put in place by members of congress through the super committee and there were not able to come up with a big budget deal to fix the problems, they said if we cannot come up with a deal, if we will have these automatic cuts police. they knew the tax cuts were expiring. there are no surprises here is there's only an inability of people to work together and make hard choices that must be made. host: as the story unfolded over the past 24 hours, the president weighing in on...
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the 100 of congress continued to spar with president obama and each other over the fiscal cliff. joining us from inside the beltway, peter barnes, rich edson standing by on capitol hill. all right. what are we waiting and? >> reporter: significant progress is what aides are telling us. they're working with the current framework right now. what it would do is protect income amounts of less than 400,000 for individuals, four under and 54 families, from a tax increase it includes extending current levels of the estate tax, preventing tens of millions of americans from having to pay the alternative minimum tax this year, ensuring that doctors who treat medicare patients don't get an automatic pay cut. long-term unemployment insurance. while lawmakers are discussing right now with the white house is how to deal with the sequester, those automatic spending cuts of 94 billion that are supposed to start next year. negotiations continue with senate minority leader mitch mcconnell leading the way for republicans, and a vice president discussing for democrats. we are starting to get some la
the 100 of congress continued to spar with president obama and each other over the fiscal cliff. joining us from inside the beltway, peter barnes, rich edson standing by on capitol hill. all right. what are we waiting and? >> reporter: significant progress is what aides are telling us. they're working with the current framework right now. what it would do is protect income amounts of less than 400,000 for individuals, four under and 54 families, from a tax increase it includes extending...
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numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last couple years in congress have been saying that. we can't figure out who even the 10%, who support congress, are. we are totally dysfunctional right now and this is just probably the worst example of it. you know, i heard speaker boehner say a number of times that he doesn't believe in compromise and a lot of republicans say the same thing. they say let's find common ground and act on that. well, there just isn't much common ground. if, in fact, the numbers we're hearing about the senate deal, whether $450,000 threshold or $550,000, that is not a matter of principle. that's just a matter of policy and splitting hairs and differences of dollars. so i think unfortunately we've got a lot of people on the other side of
numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last couple years in congress have been saying that. we can't figure out who even the 10%, who support congress, are. we are totally...
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while congress cannot seem to agree on a fiscal cliff fix, it looks like a deal has been reached to keep your milk prices from skyrocketing. both the house and senate agriculture committees have agreed to a one year extension on the farm bill which expired earlier this year. the extension must be passed by a full vote in congress before it can take effect. had a deal not been reached by tonight the government would have been forced to buy milk at inflated prices, raising the doss of milk and other dairy products for consumers could have been 8 bucks a gallon, believe it or not. heather: secretary of state hillary clinton is now hospitalized after doctors discovered a blood clot during a recent follow-up exam stemming from a concussion earlier this month. david lee miller is joining us live from our new york city newsroom with the very latest on her condition. >> reporter: officials have not released specific details about secretary clinton's glad clot. medical experts say the severe a steve the problem depends on the location of the clot. most risky are the rain. she is being treated by
while congress cannot seem to agree on a fiscal cliff fix, it looks like a deal has been reached to keep your milk prices from skyrocketing. both the house and senate agriculture committees have agreed to a one year extension on the farm bill which expired earlier this year. the extension must be passed by a full vote in congress before it can take effect. had a deal not been reached by tonight the government would have been forced to buy milk at inflated prices, raising the doss of milk and...
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cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for which mcconnell. >> the two are taking over talks. if nothing is resolved by midnight tonight. tax breaks for all americans will increase. democrats say it will mean about $2,000 for the average middle class family. >> a michigan woman said to me that is a month worth of groceries. also gets up to three years transportation to and from work. >> democrats want taxes to increase for americans earning over to london $50,000. republicans want texas a the same period >> republicans want taxes to stay the same period >> i offered over a trillion dol
cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for...
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all be it a modest one, for the fiscal cliff and start off our new year and new congress with a proper welcome for our constituents and our colleagues. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from minnesota rise? without objection. >> madam speaker, many years ago our friends on the conservative side of the political aisle told us that if we cut taxes for the wealthiest among us, they would get more money which they would use to invest in plant and equipment and then all the rest of us working class, middle class folks, would benefit by rich people having more money because then they would hire us and we would have a stronger economy. mr. ellison: he they put this plan into implementation in 2001 and 2003. it was by far the most anemic decade we have seen in many, many decades. . if you contrast it to the 1990's, we had a better economy. when president clinton handed president bush the reins to the government, he handed him also a surplus. the fact is the conservative experiment, based on the ideas of a guy named arth
all be it a modest one, for the fiscal cliff and start off our new year and new congress with a proper welcome for our constituents and our colleagues. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from minnesota rise? without objection. >> madam speaker, many years ago our friends on the conservative side of the political aisle told us that if we cut taxes for the wealthiest among us, they would get more money which they...
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that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount that the average family will see a tax hike from the expiration of the payroll tax cuts. i would point out this is probably both away. both sides seem to be on board with undoing that temporary tax cut. 9% is the percent deutsche bank sees the unemployment rate up from the 7.8% where we are right now if we do go over the fiscal cliff. and then this number here, again, john harwood was talking about this, 8.2%, that's the across the board automatic cuts. fema, education, and of course state and local aid which is something that you would s
that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount...
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. >> just hours to go so can congress find a way around the fiscal cliff? i'm doug luzader in washington. more on that coming up. >> a new year and a new karsashian. the surprising announcement on kim and kanye with how they went public with the big news. fox 5 morning news starts right now. >> this is fox 5 morning news. >> good monday morning to you. it is december 31st , 2012 new year's eve. this is a live look outside right now. hustling and bustling the closer we get. the crowds are coming. good morning to you again. i'm wisdom martin. >> and i'm sarah simmons. let's say hello to tucker barnes barnes. the wind is out and the cold is here to stay. >> cold moved in overnight. yesterday was a chilly day. much colder overnight with temperatures in the 20s. we're now at 30 here in washington. won't be a terrible afternoon. got a lot of clouds moving in from the west. right now at reagan national i mentioned temperature below freezing. overnight low in town 29. so one of the first times this month we've been in the 20s. 25 at dulles. bwi marhsall 29 as well.
. >> just hours to go so can congress find a way around the fiscal cliff? i'm doug luzader in washington. more on that coming up. >> a new year and a new karsashian. the surprising announcement on kim and kanye with how they went public with the big news. fox 5 morning news starts right now. >> this is fox 5 morning news. >> good monday morning to you. it is december 31st , 2012 new year's eve. this is a live look outside right now. hustling and bustling the closer we...
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congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal. when you look at the actions that republicans threw out that idea of th
congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political...
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reform agreement with congress and avert the fiscal cliff. unfortunately, you have been silent on the specifics as we move forward with wrestling with the nation's fiscal crisis, especially the debt ceiling. it would help us to have a concrete plan and language from you, that again a quote. >> dave: and help you if we put it up on the screen. >> clayton: that's from senator bob corker wanting to know more specific about these so-called entitlement changes. >> dave: if you want more sticking point, the "washington post" reports the democrats are willing to go to $450,000 for a couple. and from what i have heard from those close to the situation, republicans are at $550,000 and up for a threshold. so if that's the one sticking point, it's only $100,000 apart. but to juliet's part, there is much more than that. we asked donald trump about would he be willing to accept higher taxes on the wealthy. he said yes if it's something that will grow the economy, if it's a great deal. >> do i mind if my taxes go up somewhat? will it affect me? what i want
reform agreement with congress and avert the fiscal cliff. unfortunately, you have been silent on the specifics as we move forward with wrestling with the nation's fiscal crisis, especially the debt ceiling. it would help us to have a concrete plan and language from you, that again a quote. >> dave: and help you if we put it up on the screen. >> clayton: that's from senator bob corker wanting to know more specific about these so-called entitlement changes. >> dave: if you want...
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the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot
the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and...
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is about spend urge money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be import order produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's resolution that successful people make and actually keep. among them plan vacations now. wake up to the essentials first, check e-mail second. support a cause. find your purpose and go for it. go for it. new year's day marks the 150th anniversary of emancipation proclamation. the document is once again on display. ron mott has details. >> reporter: showing its age the emancipation proclamation still draws attention. >> it's amazing to see abraham lincoln's signature. >> reporter: today the frail order consigned to history on january 1st, 1863 by abraham lincoln is again on public d
is about spend urge money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be import order produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's...
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cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which roe woo raise taxes on families making $250,000 a year or more. that plan would also extend unemployment benefits for two million americans. >>> in our other top story, police continue to search for answers in the murder of a college student. xavier strangefellow was a sophomore in virginia. a vigil was held last night at battlefield high school in haymarket. stringfellow was a graduate of the school. he was found stabbed to death. his body was found inside a crashed minivan. police say he had been involved in an altercation. there has been an arrest made in this case
cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority...
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will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real que
will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress...
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time for a look at who is talking and the fiscal cliff negotiations that's what president obama is talking about this morning. >> the president spoke to nbc's meet the press about the urgency for congress to act and placed the blame on republicans. >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership and i suggested if they want kant to a comprehensive package let's at minimum make sure people's taxes don't go up and 2 million people don't lose unemployment insurance. i was optimistic yesterday but we don't see an agreement now the pressure is on congress to produce. if they don't what i have said is in the senate we should introduce legislation that would make sure middle class taxes stay where they are. >> donald trump will react to the current state of the negotiations at 7:00 a.m. eastern. >>> time now for your 5@5:00. the top five stories making news at this hour and a fox news alert. she was supposed to be back on the job this week but hillary c
time for a look at who is talking and the fiscal cliff negotiations that's what president obama is talking about this morning. >> the president spoke to nbc's meet the press about the urgency for congress to act and placed the blame on republicans. >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership and i suggested if they want kant to a...
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with just hours yet to go, congress has yet to reach a deal on the fiscal cliff. the senate does reconvene at 11:00 a.m. this morn, monday. i'm veronica delacruz, let's get you back to the program. >>> take a ride on any prostitution track in any big city in america and you'll see waves of young women trading their bodies for quick cash. but what you don't see is the pain and despair burning inside many of these girls who are often coping with the fallout from child sexual abuse. >> i was sexually abused four times by the time i was 10. >> like many of the women and young girls forced to strip or perform sex acts for money, raleigh was a good kid whose innocent childhood was suddenly cut short by sexual abuse. >> if it's continuously happening to you like it was to me, you start to feel like what are you good for, what are you here for? i sometimes used to ask myself in the mirror, why am i here? >> she started ditching school. her grades sunk. >> raleigh's mother, jean, reached her wit's end as she watched her daughter's young life go off the rails in high school
with just hours yet to go, congress has yet to reach a deal on the fiscal cliff. the senate does reconvene at 11:00 a.m. this morn, monday. i'm veronica delacruz, let's get you back to the program. >>> take a ride on any prostitution track in any big city in america and you'll see waves of young women trading their bodies for quick cash. but what you don't see is the pain and despair burning inside many of these girls who are often coping with the fallout from child sexual abuse....
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how did we get to the edge of the fiscal cliff and the least productive congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's happened is that many re
how did we get to the edge of the fiscal cliff and the least productive congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we...
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we'll also continue to follow the negotiations going on now on capitol hill, the fiscal cliff, what it means to your and your wallet. you could wake up tomorrow with a much different income and a much different paycheck because congress may not have gotten its act together overnight. we'll continue to follow that for you if there's any other breaking news, we'll come back and break into taped programming, otherwise i will see you at 10:00 p.m. eastern with the latest information. i'm don lemon. comfortable sleer experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day.
we'll also continue to follow the negotiations going on now on capitol hill, the fiscal cliff, what it means to your and your wallet. you could wake up tomorrow with a much different income and a much different paycheck because congress may not have gotten its act together overnight. we'll continue to follow that for you if there's any other breaking news, we'll come back and break into taped programming, otherwise i will see you at 10:00 p.m. eastern with the latest information. i'm don lemon....
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will lead us over the fiscal cliff. i hope that is not what they want us to do. every indication right now is that the republican congress continues to not work in good faith with the president. there is still time left -- i hope
will lead us over the fiscal cliff. i hope that is not what they want us to do. every indication right now is that the republican congress continues to not work in good faith with the president. there is still time left -- i hope
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cliff. >> well, first of all, as a former jazz bassist i have to appreciate the citing of "so what" because that's a bass feature. look, i've got to say. going over the cliff at this point i think is better than accepting a bad deal, and i don't think that we should operate from the perspective that going over the cliff temporarily must be avoided at all costs because a short trip over the cliff, what you might think of as a bungee jump, is a lot better in the longer term both for the economy and for deficit reduction than crafting a deal at the very last minute that would be just some kind of an ugly frankenstein. now, the -- the worst part about going over the cliff is that a couple of million people actually lose their unemployment benefits, so i don't want to say that it's painless because it's not, but it -- it does -- there is a scenario by which you could reverse all of the -- most of the tax increases pretty quickly, and, remember, after december 31st midnight, if you're a republican
cliff. >> well, first of all, as a former jazz bassist i have to appreciate the citing of "so what" because that's a bass feature. look, i've got to say. going over the cliff at this point i think is better than accepting a bad deal, and i don't think that we should operate from the perspective that going over the cliff temporarily must be avoided at all costs because a short trip over the cliff, what you might think of as a bungee jump, is a lot better in the longer term both...
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part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking about things that will happen in the next few months in terms of tax increases. it does talk about the payments to medicare providers falling by 27% if nothing is done. josh, i want to get your thoughts on this statement. some of us are hoping for the fiscal cliff. how much of that sentiment are you seeing? guest: i see a lot of it. we hear from people all over the country. we have been talking about reducing deficits and heavy responsible budgets for 20 years. if you go over the cliff and nothing changes, the largest single day of deficit reduction in world history probably beca
part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking...
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right now, congress scrambling to reach a deal on the fiscal cliff before tuesday's deadline president the senate and house are convening while senate negotiators work at a plan to prevent massive spending cuts and tax hikes from kicking in january 1st. president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors making students pay a higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. >> in news overseas the bodies of the dead are being carried away in syria today. at least 397 people were killed saturday. that is the deadliest day so far in the 21-month long civil war. another 52 died today. the joint u.n. arab league envoy said the situation is rapidly deteriorating but that a solution is still possible. >>> in massachusetts boston's mayor lifted a snow emergency a little earlier today. more than a foot of snow fell on several towns across that state ov
right now, congress scrambling to reach a deal on the fiscal cliff before tuesday's deadline president the senate and house are convening while senate negotiators work at a plan to prevent massive spending cuts and tax hikes from kicking in january 1st. president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of...
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. >> joining us now to examine the david gregory interview and the coverage of this fiscal cliff showdown. bob cusack manager of "the hill." what does it say about the state of the budgetary wars that president obama chose to go on a sunday talk show. >> he is doing this interview why congress is trying to do it. very critical of congress and i think this interview wasn't exactly combative. he challenged him on it. >> who challenged who? >> david gregory challenged obama on some points but made $1 trillion in cuts, he also vowed to cut the deficit in half in 2009. that has not happened. >> compared david gregory we saw at the top of the show waving that magazine at wain lapierre. this was a low-key interview. >> meek and weak. i didn't find david gregory, i think he lost his punch over this short-lived vacation. a number of points he didn't press the president hard enough. >> the president gave short answers. >> but there's really no excuse. >> the pomp and the ceremony. on the other hand, and you've had experience covering barack obama going back to chicago, it can be hard to interrupt d
. >> joining us now to examine the david gregory interview and the coverage of this fiscal cliff showdown. bob cusack manager of "the hill." what does it say about the state of the budgetary wars that president obama chose to go on a sunday talk show. >> he is doing this interview why congress is trying to do it. very critical of congress and i think this interview wasn't exactly combative. he challenged him on it. >> who challenged who? >> david gregory...
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with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the latest on what that agreement might look like but will it actually do anything to cut the deficit? and what happens nay don't get a deal? we'll hear from two senators who have been working together on deficit reduction, assistant majority leader dick durbin of illinois, and senator tom
with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching...